Consumer prices in Azerbaijan rose by 1.1 percent in March month-on-month after rising 1.1 percent in February, the State Statistics Committee said.

Annual inflation reached 12.2 percent.

In 2021, annual inflation in Azerbaijan was 6.7 percent.

The government forecasts annual inflation at 4 percent in 2022, while the central bank projects it in a range of 6.6-7.1 percent.